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Technology Sector Update for 11/19/2019: NOW,CELG,BMY,JKS,VNET

Top Tech Stocks

MSFT +0.40%

AAPL -0.44%

IBM +0.45%

CSCO +0.56%

GOOG -0.28%

Technology stocks were edging higher in Tuesday trading, with the shares of tech stocks in the S&P 500 climbing over 0.1% although the Philadelphia Semiconductor Index was falling just over 0.6%.

Among technology stocks moving on news:

(+) ServiceNow (NOW) climbed almost 5% on Tuesday after the cloud-computing company was selected to join the S&P 500 Index, replacing drug developer Celgene (CELG), which is being acquired by Bristol-Myers Squibb (BMY).

In other sector news:

(+) JinkoSolar Holding Co (JKS) rose nearly 12% after the photovoltaic-panel manufacturer reported non-GAAP net income of $0.86 per American depositary share, up roughly 16% over the same quarter last year and beating the Capital IQ consensus by $0.06 per share. Revenue increased 11.8% compared with year-ago levels to $1.05 billion, also topping the $1.02 billion analyst mean.

(-) 21Vianet Group (VNET) slid 7.7% after the Chinese data-center services company late Monday reported a Q3 net loss of $0.06 per American depository share and missed the two-analyst consensus expecting a net loss of $0.03 per ADS for the three months ended Sept. 30. Revenue rose 12.7% over year-ago levels to $137.2 million but also trailed the $147.51 million Street view.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

NOW CELG BMY JKS VNET

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